Startup India: A Big Boost for Indian Startups?

By Anusmita Mazumder, Department of Law, University of Calcutta.

What is a startup and how do they work?

A startup company or a startup is an entrepreneurial venture or a new business in the form of a company, partnership or a temporary organisation which is designed to target those sectors which are believed to be in demand and might prove to be innovative in the process of development. (more…)

Analysing the viability of Net Zero Imports under the Digital India Programme

By Archishman Chakraborty, Symbiosis Law School, Pune.

It has been oft repeated with a sigh of cynicism in recurring debates, as to what impedes development in India, as that the heart of the problem lies in the fact that there is no heart at all – a lethargic absence of political will. The current Indian Govt. has taken no time to take an otherwise shabby state of affairs to heel. The country witnessed a number of strong reformative measures being taken so as to boost investment and growth in the economy. On the 5th of August, 2014, it was reported that the Prime Minister had directed the Department of Electronics and Information Technology (DeitY) to ensure that the net import-export balance for the sector be brought down to zero (Net Zero Import) by the year 2020, in persuasion of  the Digital India Programme, an initiative that has taken the Prime Minister all the way to Menlo Park and beyond with a vision of E-governance, to transform the entire ecosystem of public services in India through the use of information technology.   (more…)

Pradhan Mantri Mudra Yojana: An Analysis

By Vershika Sharma, National Law University, Jodhpur.

Pradhan Mantri MUDRA Yojana is an institution set up by the Government of India (GoI) to provide funding to the non-cooperate/non-farm sector income generating activities of Micro and Small Enterprises or Unorganised Business Enterprises whose credit needs are below 10 lack provided through various Last Mile financial institutions like Banks, NBFCs and MFIs. (more…)

Need for a Common Market for Agricultural Commodities

By Yukti Makan, Symbiosis Law School, Pune.

India derives approximately 50% of its national income from agricultural business. The marketing of the agricultural produce also varies from nation to nation, from state to state and it even varies within the state. Agricultural market practices need to be uniform in the interest of developing wider markets for better practices. The rising food prices have emerged as a bottleneck for the Government in framing policies. Certain measures should be taken and the Agricultural Produce Market Committee (APMC) Act should be amended to curb the inflation. An efficient marketing strategy is required to be implemented for the development and the enhancement of the agricultural sector. (more…)

Atal Innovation Mission and SETU to help grow and shine India?

By Vartika Aggarwal, Vivekanada Institute of Professional Studies

The 2015 Budget is one of the most anticipated budgets in recent history. The 2015 budget was highly anticipated as it was a full year budget, which was filed by the pro-business Modi Government and because it has the potential to kick start the lagging Indian economy. The 2015 budget also has certain aspects that could provide a boost to the Indian Startups and Entrepreneurs. (more…)

Skill India Campaign: A step towards nation’s development?

By Shruti Sharma, Campus Law Centre, Delhi University.

15th July, 2015 witnessed the world’s first ever “World Youth Skills Day” (WYSD), celebrated by the United Nations General Assembly. The basic objective behind celebrating this day as WYSD was to raise much needed awareness about the importance of investing in youth skills development at an International level. World Youth Skills Day explains the need to support programming and initiatives that equip young people with tools and resources to enhance their ability to make an informed life and work choices. Celebrating WYSD will also undoubtedly help in recognising the fact that fostering the acquisition of skills by today’s youth would empower them to gain access to changing labour markets in its resolutions. (more…)

Entry of Foreign Law Firms in India: Positive Aspects and Concerns

By Saif Rasul Khan, Government Law College, Mumbai.

The Bar Council of India (B.C.I.) and Society of Indian Law Firms (S.I.L.F.) in a recent move, have agreed “in principle” with the Government’s proposal to gradually open up the legal sector to foreign players, on a reciprocal basis. S.I.L.F. is an organization with a voluntary membership of more than 100 law firms. It is a powerful group of lawyers, with office-bearers including senior Partners’ from the leading Indian law firms. The opinion of the top lawyers and lawyers’ bodies is that in the era of globalization, legal services should not remain in a cocoon and clogged for foreign lawyers. (more…)

Commentary on Land Acquisition Ordinance

By Piyush Jain, Rajiv Gandhi National University of Law, Punjab.

There has been a pursuance of several changes, according to the evolution of the demands and the requisites of modern day industrial and developmental goals. One of such has been sought by Narendra Modi government, which has tried to bring a healthy transition to present Land Acquisition, Rehabilitation and Resettlement Act, 2013. There have been many disputes in terms of opinion among the different political parties with the inception of the ordinance. However, Finance minister Mr Arun Jaitley has supported it in many terms. (more…)

Meenakumari Committee Report: An Analysis

By Deepshi, Gujarat National Law University.

About the committee:

A seven-member committee, headed by Dr. B. Meenakumari, Deputy Director General (Fisheries), Indian Council of Agricultural Research (ICAR) was formed for comprehensive review of deep-sea fishing Policy. It was appointed after Prime Minister Narendra Modi speaking at the Eighty-sixth Foundation Day and Award Ceremony of the Indian Council of Agricultural Research in New Delhi on 29 July called upon the practitioners of fisheries and aquaculture to usher in ‘Blue Revolution’ by sustainable exploitation of the fisheries wealth from the marine and other aquatic resources of the country. The Committee submitted to Department of Animal Husbandry, Dairying and Fisheries, Ministry of Agriculture in August 2014. (more…)

MGNREGA: An Analysis

By Swatilekha Chakraborty, Symbiosis Law School, Pune.

The National Rural Employment Guarantee Act 2005 (or, NREGA No 42) was later renamed as the “Mahatma Gandhi National Rural Employment Guarantee Act” (or, MGNREGA), is labor and social security act that aims to guarantee the ‘right to work‘. It aims to ensure livelihood security in rural areas by providing at least 100 days of wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work. (more…)